re: Ann: Western Areas Declares First Dividen... Weak dollar fired up base metals prices overnight with PON over $9US/pound.
LME price and warehouse stocks charts here:
http://www.kitcometals.com/charts/nickel_historical_large.html#lmestocks_30days
Tell a story of 'possible' saturation of stock levels at 166500T, has retraced back to 165000T in last couple of days, the largest backwards move IMO since mid to late 2009 when China was on it's re-stocking rampage.
Traders may be getting set for the next wave of buying of this beautiful silver metal...
Yeah I know I'm trying to ramp it as I hold, but those charts do look good for a breakout. If we get one, this time the currency is unlikely to take the shine off as much as it did during last year's run from low $4 to $9.30.
If it does bust through $9.30, looks like $10 next major resistance level.
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